Thursday, August 31, 2023

Rationale report – 31.08.2023

Recommended stocks on – 31.08.2023

(1)         GRASIM  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price : 1824 -1833 -1840

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

Recommended stocks on – 09.08.2023

(2)         ACC -

Ø Buy price : 2000

Ø Strong Support : 1960

Ø Resistance price : 2028 - 2040

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

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